SHRI ASRAFKHAN K. PATHAN,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-1(3)(1),, AHMEDABAD

Bench: Shri O. P. Meena& Ms. Madhumita Roy

disallowed the entire amount of deduction u/s 54 of the Act, which was in respect of utilization of part of the Long Term Capital Gain arising out of the transfer of the residential house with land appurtenant thereto, for acquiring another residential house. In fact, it was the case of the assessee before the first appellate authority that the assessee

BHOGILAL BHAILALBHAI PATEL,VADODARA vs. THE PR. CIT-1, VADODARA

In the result, the appeal of the assessee is dismissed

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. No. 613/Ahd/2024 ("नधा"रण वष" / Assessment Year : 2015-16) बनाम/ Bhogilal Bhailalbhai The Pr. Commissioner Of Patel Income Tax-1 Vs. 475/2, Sagar Faliya, At & Vadodara Post Bhayali, Vadodara - 391410 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Bkkpp3136R (Appellant) .. (Respondent) अपीलाथ" ओर से /Appellant By : Shri Hemant Suthar, A.R. ""यथ" क" ओर से/Respondent By : Shri Samir Tekriwal, Cit. Dr 19/11/2024 Date Of Hearing Date Of Pronouncement 28/11/2024

Section 263 of the Income Tax Act, 1961 (in short ‘the Act’) for the Assessment Year 2015-16. 2. The brief facts of the case are that the assessee had filed the return of income for A.Y. 2015-16 on 31.08.2015 declaring total income of Rs.6,19,980/- and agricultural income of Rs. 1,94,450/-. The original assessment